Opaque Systems, a Berkeley, CA-based collaborative analytics and AI for confidential computing platform, raised $22m in Series A funding.
The round, which brought total financing to $31.6m, was led by Walden Catalyst Ventures, with participation from new investors, Storm Ventures and Thomvest Ventures, as well as all existing investors, Intel Capital, Race Capital, The House Fund, and FactoryHQ.
The company will use the new capital to serve the accelerating market demand for collaborative analytics and AI in confidential computing.
Opaque System provides a collaborative analytics and AI platform for confidential computing. It enables data to be securely shared and analyzed by multiple parties while maintaining complete confidentiality and protecting data end-to-end. The platform leverages a novel combination of two key technologies layered on top of cloud security—secure hardware enclaves and cryptographic fortification. The technology has already been adopted by several organizations, such as Ant Group, IBM, Scotiabank, and Ericsson.
Confidential computing is supported by all major cloud vendors including Microsoft Azure, Google Cloud and Amazon Web Services and major chip manufacturers including Intel and AMD.
The team is comprised of the world’s most esteemed security researchers and practitioners, including UC Berkeley professors Raluca Ada Popa and Ion Stoica (Co-Founder of Databricks), as well as former UC Berkeley graduates and industry visionaries Rishabh Poddar, Wenting Zheng and Chester Leung.